Recommendation Discover it Student Cash Back Card

Benefits of the Discover it Student Cash Back Card

The Discover it Student Cash Back Card is a great option for any college student who wants to earn cash back on their everyday spending. It has a good cash-back program, no annual fee, and can assist students to establish their credit history.

Rewards Program:

The Discover it Student Cash Back Card offers 5% cash back on everyday purchases in different categories that change every quarter like grocery stores, restaurants, gas stations, and more up to the quarterly maximum when you activate. Also, you get an unlimited cash rebate of 1% on all other purchases without having to do anything. This makes it possible to earn rewards on both ordinary and extraordinary purchases.

Welcome Bonus:

Another strength of this card is its welcome bonus offer. Discover will double all the cash back earned by the new cardmembers at the end of the first year of their card usage. This means that whatever cash back you receive in the first year, Discover will give you an equal amount, thus doubling your rewards.

Annual Fee:

The Discover it Student Cash Back Card does not charge an annual fee so you can use its services without being charged any recurrent fees.

APR and Fees:

– Intro APR: Get interest-free on all purchases for the first six months.

– Regular APR: The variable APR ranges from 18. 24% to 27. 24% variable.

– Balance Transfer Fee: The introductory balance transfer fee is 3% and the fee for future balance transfers is up to 5% (see terms).

– Foreign Transaction Fee: There are no foreign transaction fees, which makes it perfect for international students or those traveling abroad.

Credit Needed:

This card is ideal for students with average credit or those who have no credit history at all, which is quite common among college students.

Pros:

– Get 5% cash rewards for every dollar spent in different categories each quarter up to the quarterly maximum when you redeem.

– 1% cash back on all other purchases with no limit.

– Discover will double all the cash back earned at the end of your first year.

– No annual fee.

– No foreign transaction fees.

Cons:

– You have to choose the cash-back categories you want to spend in each quarter to get 5% cash back.

– The cash back program caps the amount of cash back that can be earned to $1,500 in quarterly purchases for the 5% cash back categories.

– One must be a U. S. citizen and a college student to qualify for this card.

The Discover it Student Cash Back Card is perfect for students who want to earn more cash back on their daily spending while establishing their credit. This card is ideal for cash-back rewards, a big welcome bonus, and no annual fees.

Sign up today and begin earning cash back and other perks with the Discover it Student Cash Back Card.